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Gulf markets weighed by low oil prices, weak earnings

  DUBAI / Reuters Gulf stock markets saw lacklustre trade on Wednesday as low oil prices and weak earnings weighed on investor sentiment. Crude prices declined for a third day, hovering near $50 a barrel for the first time in three weeks, amid doubts that OPEC members will agree to a cut output. “Investor sentiment appears to be weak in ...

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Apple, commodity strains push global stocks down

London / AFP World stock markets mostly retreated on Wednesday, weighed down by miners’ shares and oil prices, while Apple dragged Wall Street lower, traders said. After declines for the bulk of Asia’s stock markets, Europe’s top indices were showing losses of up to 1.2 percent compared with Tuesday’s closing levels. The heaviest faller on London’s benchmark FTSE 100 index ...

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Airbus in year-end production sprint to meet earnings target

  Bloomberg Airbus Group SE promised a year-end sprint to meet its 2016 earnings and delivery goals after a switch to new planes weighed on profit and output in the first nine months. The European company plans to pull out the stops to ship almost as many A350 wide-body jets in the final quarter as it did between January and ...

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